THE CAROLINA' TIMES
fMt «.*—-TWl THOTM UNBRIOLEO* $AT^ JM. H IH!
MINCIPALS AT SAVINGS AND
LOAN MEETING—Principals
Mm 40 h annual shareholders
■>»aHng of Mutual Savi.igs and
Loan Association are pictured
here. Left to right art J. S. Stew-
ar:-, secretary-treasurer; E. R.
Mcrrick, president, and the Rev.
William Fuller, who delivered
the invocation.
-Bank
Continued from front page
Chariotte. He described them as
leaders in a movement by Char
lotte citizen*: to secure a branch
of the bank in that|City.
If the bank’s request to open in
Charlotte is approved, it will
bring to four the number of offi
ces maintained by the firm. It
already has two offices in Dur
ham and one in Raleigh.-
In discussing this year’s rate of
growth in earnings Wheeler point
ed to an increase in numt>cr of
loans made by the bank during
the year. A total of 4,536 loans
amounting to $2,582.09 was pro
cessed in 1960. be pointed out.
A steady increase in number of
deposits and the dramatic growth
of the Trust department were
pointed out to stockholders by
the report.
Deposits increased by $756,284.-
37 during the year. This rise was
felt as “particularly heartening”
ti|r iiank officials because of the
increased competition of savings
loan associations.
Wheeler’s report showed that
4iie Trust Department is now
hsndiing a total of 68 trusts with
Niwts at over $188.00.
The report paid tribute to offi
cials and employees of the bank
fir their participation in civic af-
itfrs of the community. It singled
•Ht Nathan White, sit-in leader,
yid Walter Ricks, who was voted
liindicapped worker of the year
' h|r the B’nai B’rith.
Wheeler’s report coni Ined a
■ite of optimism for the instilU'
tion’s future growth. He said ex-
ftocted expansion of CharioUe’s
f«pulation to 500,000 by 1970, de-
vclqpment of the Researc.i Tri-
aage and urban renewal move-
nents in Raleigh, Charlotte ana
•uilum -would Tcstilt In sn Ttti^
precedented volume of business
.'or the bank.
J. E. Strickland presided over
the meeting. 1. O. Funderburg,
cashier, read the minutes of last
year's meeting.
The stockholders, on a recom
mendation of nominating com
mitte members J. S. Stewart, Mrs.
V. G. Turner and C. A. Haywood,
re-elected the current board of
directors.
"Georgia
Continued from front page
home, “Ku KIux Klansraen passed
out literature in the crowd and a
bottle was thrown Into a window
of the dormitory.
After several hours, police suc
ceeded in breaking up the demon
stration with the u.*:e' of tear gas
and assists from firemen using
hoses.
Dean of students Joe Williams
announced early 'Thursday after
the riot that the students had been
suspended “for their own proctec-
tion.”
Miss Hunter had been housed
on campus in compliance with
university rules that all Jfish-
men women live on campus.
Holmes was living ki Athens.
"Extended
-Woman
Continued from page 3-A
fcrcnt ways; for example the same
vegetable may be served creamed,
scalloped or au gratin.
Don’t be afraid to try unusual
vegetable salad combinations and
dressings. Have you ever tried
mixing a little peanut butter with
mayonnaise for an apple and car
rot s^lad? Experiment some with
foods and you’ll'be surprised hoiw
raany “ coinpttnrents' *yon vrecetvc.*'
Continued from front page
tions to the west coast came on
the heels of the company’s annual
policyholders’ meeting, held at
the home office in Durham on
Monday afterhoon.
North Carolina Mutual Presi
dent A. T. Spaulding revealed that'
the firm had experienced steady
progress in all phases of its oper
ations.
He revealed that the firm in
creased its weekly premium de^
bit by $12,276.88, the largest in
crease since 1958.
Spaulding also reviewed olher
developments of the year,
eluding purchase of a new home
office site.
Another highlight of thi& meet
ing was the re-election W Dr.
Clyde Donnell and W. M.^icl),
both of Durham, to the Board'^^f
Directors.
The company currently operates
.in nine slates, most of which are
located in the middle and south
Atlantic area. They include Penn
sylvania, New Jersey, Mai-yland,
Virginia, North and Soutli Caro
lina, Georgia, Alabama and Ten
nessee.
-Tarheels
Continued from front page
F. Kennedy in ?alm Beach, Flori
da this week-end to confer' on
possible appointments of Tar
Heels in thp Kennedy govern
ment
It is expected that if any ap
pointments of North Carolinians
are made, they will come follow
ing the meeting of the tv.'o lead
ers.
Speculation in the past few
weeks on persons likelj' to receive
bids have- included - the names- of
Roscoe Griffin
semi
annual
clearance
of FINE SHOES
WOMEN'S
FLORSHEIM
Tweedie
Values to 19.99
NATURALIZER
Values to 15.99
LIFE STRIDE
Values to 13.99
FLATS and
CASUALS
Values to 9.99
SHOES
12^
lO'*’
gw
C99
MEN'S SHOES
FLORSHEIM
Values to 27.95
ROBLEE,
PORTAGE
Values to 16.99
PEDWIN.
DANVERS
Value§ to 13.99
16®"
10'”
899
Special Group
lizard Pumps
JUir-A>Way
Usual
Values
to 19.99
88 &
114 W. Main St
Durhamitet John R. Wheeler,
John S. Stewart, Ite. John ft. Lar
kins, of Raleigh, Clark Brown, of
Winston-Salem. A^y. Samuel Mit
chell, of-Raleigh,'f^d Atty. Ear)
Whitted, of Goldijwo.
"Fas!
Continued fro% front page
b-r of the Virgil^ SUte Confer
ence NAACP legal staff, for diet
ing as counsel in three NAACP
cases.
These cases dramatize the As
sociation’s fight ^ defend the
civil liberties of membership,
such as freedom ^ speech and
a.ssoriation, thus them to
CO about the business of winning
civil rights.
Ht alto cited lh« U.S. $w>
prema Court victory which said
Arkansas lehool teacher* did
not hava ta list thalr outtida
organizatlonar* Has; w
Had the State of Arkansas been
stiocessful, few Negro school teach-
crs wouM have dared participate
in NAACP activities.
Carter also signed out the As
sociation’s victory, in the U.S. Su
preme Court, in a case threatening
to deprive Tuskegee, Ala., Negroes
of their right to vote in 'munici
pal elections.
Tuskegee officials re-established
the city boundary lines, changing
a four-sided to a 18-sided
a^. Had they succeeded 400 N^
?roes would have been ineligibte
to vote.
"Stewarf
Continued from fronO>^age
pn ample supply of hort • Ir’iyers
in 1961, he said.
He listed highlights o:: iVxutual
Saving:! and Loan Association’s
I960 operation as follows;
1. Net savings increased by
$197,345.64, or six per cent, boost
ing total savings capital to $3,-
552,799.17 at year’s end.
2. Pivirtend payments to savers
totaled $132,900.42, sixteen per
cent above the 1859 figure, and an
all-time hl|(h.
3. The dollar value of the hMne
mortgage loan portfolio increased
•o $3,626,798.62 at year’s end, or
by five per cent.
Lcoking ahead, Mr. Stewart lug-
gcsted that the recent slowdown
■n business probably contains in
itsplf the "seeds o;; its own re-
coverey." He listed as “plus fac
tors” a continued high level of
sales and production, employment,
and personal income.
Indicating that housing may be
one of the bright spots in the
economy, he 'orecast the build
ing of between 1.2 ^nd 1.3 million
new hornet >n 1961.
The tompany voted to retain its
board of director’s' for another
year.
Members of the .loard, who were
re-elected, are Dr. Clyde Donnell,
Dr. Alfonsc Elder, J. W. Goodloe,
R. N. Harris, J. J. Henderson, W.
J, Kenedy, Jr., J S. Stewart, G.
W. Logan. E. R. Mer^ck,, H. M.
Michaux, T. Parham, A. T.
Spaulding, ci. C Spaulding, Jr„
and J. H. Wheelei.
Firm l^eaches
Million Mari
GREENSBOBC — The Ameri
can Federal Savings and Loan As
sociation, which opened here for
buffness only nineteen months
ago, passAd the million dollar
mark> in assets this week.
A purchase of shares Tuesday
morning, January 10, by Elmar
Goldston, employee with Greens
boro Water Deparment, carried
the Association over tue million
dollar mark.
J. Kenneth Lee, Greenaboro at
torney and president of the As
sociation, said, “this ret^isters a
new milestone in the dramatic
rise of| the institution and a com-
plim>'nt to the citizens of Greens
boro.”
The Association opened the
doors of its new home office build
ing on June 5, 1959 with assets of
SHARIHOLDERS SHARE — All
wa* not sarlousnais at th« 40th
anniversary maating af Mutual
Savings and Loan AsseclaHon
shareholders this weak at this
picture at^atts. Shown sharing
in the rafrashmantt offered by
the firm are J, C. Hubbard, Wm.
A. Clamant, Jimiat A. Stewart,
Erie N. Moore, LafayaHa Payne
and W. J. Kennedy, IV. In the
background are Wauna Doomt
and Mrt. B. W. Ingram.
Students Sparkle in Omega Show
Clifton Woods, of Charlotte, and
Priscilla Hairston, of Martin.«ville,
Va., were among sparkling per
formers in the Omega Psi Phi
fraternity’s 'national Talent Hunt
during the 47th conclave at San
Antonio, Tex., on Dec. 28.
George Meares of Brooklyn,
Omega Man of the Year for
1960”, directs the annual event.
a little over $350,000. Since that
time its assets have continued to
mount month by month. The state
ment of condition of the A.=socia-
tion for the year ending. Decem
ber 31, 1960 showed assets of
$955,206.90. It listed first mort
gage loans at approximately $800,-
000.
Woods, a student at Plato
Price High School, was guest so
loist at the State District Music
Festival last year. The frater
nity's Six^h DistJiict sponfiared
Woods. He is a pianist who has
received high ratings in several
festivals. ''
Woods, who is in the eleventh
grade, is vice president of his
schooi’c 4-H Club, vice president
of the Student Council, secretary
of the Honor Society, and accom
panist for his school’s chorus. He
also serves as accompanist for
McClintock Presbyterian Church
where he is active in the Sundaj
School and Youth I''ellowship.
For his program at San An
tonio’s St. Phillips College the
’harlot^e musician played Tur-
ina’s “Clown” and Brahnjs’ “Ca-
)ri'ccio, Opus 76, No. 2”.
Miss Hariston, a vocalist, sang
Puccinis’ "One Fine Day” from
‘Madame Butterfly’” and Saint
3acns’ “My Heart at Thy Sweet
Voice” from “Sampson and Deli
lah".
"Rites
Continued from front page
vive at Palmer toeay.
Dr. Brown has been honored by
several leading public figures and
organization for her contributions
to education.
VOTE FOR
1 
• (LOli
We
Don’t
Need
TWO L0CAL>G0VERNMENT5
TWO WATER AND SEWER SYSTEMS
TWO FIRE AND POLICE DEPARTMENTS
TWO TAX OFFICES
TWO GOVERNMENT HEADOUARTERS
We Do Need ONE Modern Government -Representing ALL THE PEOPLE-Dedi
cated to the Orderly Progress of ALL DurhamrWith Fair, Just Taxes
On Services Received.
CITIZENS COMMIHEE
FOR
Purham County Unified
E. S. BOOTti, Chairman